SPY: S&P500 Index rebound rally getting closer to critical Cloud Chart resistance zones at the bottom end of the daily Cloud.
Getting closer to key Cloud Chart resistance zone after a strong rebound rally from key Cloud Chart support zones!
The daily Cloud Chart of the index had a strong rebound in April from critical support zones and is now getting closer to the bottom end Cloud Chart resistance zone! Critical week ahead to break past this zone!
Downside risk : a reversal if this resistance zone holds with the top end of the front end of the Cloud as a possible new support zone! Index is up by more than 15% since the Cloud Chart support rebound buy signal!
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